SharpLink Gaming Continues Ethereum Buying Spree, Adds 7,689 ETH

SharpLink Gaming, a prominent publicly traded entity, has doubled down on its Ethereum (ETH) strategy. Today, the company announced the acquisition of 7,689 ETH, valued at approximately $19.25 million. The coins were bought at an average price of $2,501 per ETH, inclusive of fees and related transaction expenses.

According to the press release, this purchase took place between June 28 through July 4, 2025. Following the latest acquisition, the company’s stock surged over 22% to $15.86 intraday before settling near $14.55.

As of July 8, SharpLink’s Ethereum stash stands at 205,634 ETH, valued at approximately $538.2 million at the current market price. This significant holding solidifies the firm’s status as the largest publicly traded holder of ETH. 

SharpLink Raises $64M to Fund ETH Purchase 

To fund its strategic expansion, SharpLink has raised approximately $64.0 million in net proceeds during the same period through its At-The-Market (ATM) stock offering. The firm sold 5,499,845 shares of its common stock.

Currently, about $37.2 million is still earmarked for further ETH buys this week. SharpLink also staked 100% of its ETH holdings, a move aimed at optimizing its yield-generation strategy. The firm reported that it has earned 322 ETH since launching the program on June 2. That includes 100 ETH earned in the past week.

Moreover, SharpLink’s ETH Concentration has grown significantly since its Ethereum purchase on June 13. According to the firm, the price has increased from 2.00 ETH to 2.37 ETH, representing a 19% rise in just three weeks.

SharpLink Unveils ETH Concentration as Performance Indicator

To enhance transparency for investors, SharpLink has introduced a new metric called “ETH concentration.” It measures the number of ETH held per 1,000 diluted shares outstanding. This move aims to provide clearer insights into the firm’s exposure to Ethereum.

Joseph Lubin, Chairman of SharpLink and a key figure in the Ethereum network, commented on the gains the company has experienced since initiating its crypto treasury plan. He stated:

“Our sustained success is a direct result of SharpLink’s disciplined execution of its ETH-centric treasury management strategy and its unwavering commitment to operational transparency. By continuously refining our treasury strategy and adopting innovative transparency metrics like ETH Concentration, we’re not only maximizing long-term value for shareholders but also setting a new benchmark for responsible digital asset stewardship in today’s public markets.”

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